GE Ceo Jeff Immelt bought $820,000 worth of stock on the open market. Another officer bought $700,000 worth of stock. Both these acquisitions were on the open market.
This is a good sign for the company. Hopefully this represents a bottom for the stock. This should mean the dividend is safe too. There has been belief that the dividend may get slashed would send the stock lower.
*Disclosure* Long General Electric